Fondo Gomma Plastica, the €2bn Italian pension fund for workers in the rubber and plastics sector, has awarded a total of €712m to Anima as part of a strategic reorganisation of its multi-asset portfolio.
The fund recently reassigned assets previously managed under multi-asset mandates with AXA Investment Management and Groupama, consolidating them with Anima, which also secured a new €320m mandate following a competitive review, according to Fondo Gomma Plastica’s director general, Luca Ruggeri.
Anima now manages approximately €712m on behalf of Fondo Gomma Plastica. This includes €142m in its ‘Dinamico’ sub-fund, run under an existing multi-asset mandate, and a €250m total-return mandate already in place prior to the latest reallocation.
The reshuffle is part of a broader streamlining of the fund’s asset management framework.
The ‘Bilanciato’ sub-fund, which invests via both multi-asset and total-return strategies, also has allocations to private markets. Private equity exposures are managed by Neuberger Berman, while private debt investments are overseen by StepStone, according to the fund’s latest financial statement.
In parallel, Fondo Gomma Plastica has extended fixed income mandates with Eurizon and Generali Investments.
The strategic overhaul, supported by consultancy Prometeia, is also paving the way for new investments in Italian SMEs.
Fondo Gomma Plastica is joining fellow industry-wide pension schemes Foncer, Pegaso, and Previmoda in a collaborative €82m initiative. The scheme is contributing €30m – making it the largest investor among the participating funds.
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